Mike McGlone|Apr 06, 2025 18:20
Dogecoin, 1929, 1999 Risk-Asset Silliness and Gold - The chart showing Bitcoin/gold at 26x could have plenty more downside unless most of the roughly 13 million #cryptocurrencies noted by CoinMarketCap can buck the rules of history, economics and unchecked supply to stay lofty.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/stgxe7t0g1kw {BI COMD}
#commodities #gold #bitcoin #macroeconomics @BBGIntelligence
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